Headwater Exploration (Headwater Exploration) Change In Inventory : $0.3 Mil (TTM As of Dec. 2023)

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What is Headwater Exploration Change In Inventory?

Headwater Exploration's change in inventory for the quarter that ended in Dec. 2023 was $0.1 Mil. It means Headwater Exploration's inventory declined by $0.1 Mil from Sep. 2023 to Dec. 2023 .

Headwater Exploration's change in inventory for the fiscal year that ended in Dec. 2023 was $0.3 Mil. It means Headwater Exploration's inventory declined by $0.3 Mil from Dec. 2022 to Dec. 2023 .

Headwater Exploration's Total Inventories for the quarter that ended in Dec. 2023 was $0.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Headwater Exploration's Days Inventory for the quarter that ended in Dec. 2023 was 1.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Headwater Exploration's Inventory Turnover for the quarter that ended in Dec. 2023 was 78.82.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Headwater Exploration's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Headwater Exploration Change In Inventory Historical Data

The historical data trend for Headwater Exploration's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Headwater Exploration Change In Inventory Chart

Headwater Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.21

-0.14

-0.43

0.34

Headwater Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.10	0.52	-0.08	-0.24	0.14

Headwater Exploration Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.3 Mil.

Headwater Exploration (OTCPK:CDDRF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Headwater Exploration's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.6525	/	51.427	*	365 / 4
	=	1.16

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Headwater Exploration's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51.427	/	0.6525
	=	78.82

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Headwater Exploration's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.6525	/	103.18
	=	0.01

Headwater Exploration Change In Inventory Related Terms

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Headwater Exploration (Headwater Exploration) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Headwater Exploration Inc (OTCPK:CDDRF) » Definitions » Change In Inventory

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Address

500 - 4th Avenue S.W, Suite 1200, Calgary, AB, CAN, T2P 2V6

Website

https://www.headwaterexp.com

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.

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